Franklin BSP Realty Trust (NYSE: FBRT) president buys 27,000 shares

Rhea-AI Filing Summary

Franklin BSP Realty Trust, Inc. President Brian Buffone reported an open-market purchase of 27,000 shares of common stock at a weighted average price of $9.4123 per share. After this transaction, he directly owns 243,081 common shares. The filing notes the shares were bought in multiple trades within a narrow price range.

Insider Trade Summary

Net Buyer: 27,000 shares ($254,132)

Net Buy 1 txn

Insider Buffone Brian

Role President

Bought 27,000 shs ($254K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	27,000	$9.4123	$254K

Holdings After Transaction: Common Stock — 243,081 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Buffone Brian

(Last) (First) (Middle)

C/O FRANKLIN BSP REALTY TRUST, INC.

ONE MADISON AVENUE, SUITE 1600

(Street)

NEW YORK NY 10010

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Franklin BSP Realty Trust, Inc. [ FBRT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/03/2026		P		27,000	A	$9.4123(1)	243,081	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $9.3989 to $9.4391, inclusive. The reporting person undertakes to provide Franklin BSP Realty Trust, Inc., any security holder of Franklin BSP Realty Trust, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the ranges set forth in this footnote.

	/s/ Brian Buffone	03/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did FBRT President Brian Buffone report?

Brian Buffone reported an open-market purchase of 27,000 Franklin BSP Realty Trust common shares. The shares were bought at a weighted average price of $9.4123 per share in multiple trades within a narrow price range, as disclosed in the Form 4 filing.

At what price did Brian Buffone buy FBRT common stock?

The reported weighted average purchase price was $9.4123 per Franklin BSP Realty Trust share. A footnote explains the shares were bought in multiple transactions at prices ranging from $9.3989 to $9.4391, and detailed trade breakdowns are available upon request.

How many FBRT shares does Brian Buffone own after this transaction?

After the reported purchase, Brian Buffone directly owns 243,081 shares of Franklin BSP Realty Trust common stock. This total reflects his holdings following the 27,000-share open-market acquisition disclosed in the Form 4 insider trading report filed with regulators.

Was Brian Buffone’s FBRT trade a buy or a sell?

The transaction was a buy, specifically an open-market purchase of common stock. The Form 4 classifies it with transaction code “P” and describes it as a purchase in the open market or a private transaction, increasing his directly held Franklin BSP Realty Trust shares.

How is the FBRT insider trade price range described in the filing?

The filing states that the $9.4123 price is a weighted average across multiple trades. Individual purchases occurred at prices between $9.3989 and $9.4391 per share, and full information on the number of shares at each price level is available upon request from the reporting person.